Compounded Contract Adjustment Payments definition
Compounded Contract Adjustment Payments has the meaning set forth in Section 5.12(a).
Compounded Contract Adjustment Payments has the meaning set forth in Section 5.12(a). “Contract Adjustment Payment Date” means February 15, May 15, August 15 and November 15 of each year, commencing on May 15, 2026. “Contract Adjustment Payments” means amounts payable by the Company on each Contract Adjustment Payment Date in respect of each Purchase Contract, at a rate per year of 2.98% on the Stated Amount per Purchase Contract.
Examples of Compounded Contract Adjustment Payments in a sentence
Upon any Early Settlement, the Holder’s right to receive future Contract Adjustment Payments and any accrued and unpaid Contract Adjustment Payments for the period since the most recent Contract Adjustment Payment Date (including any accrued and unpaid deferred Contract Adjustment Payments and Compounded Contract Adjustment Payments thereon) will terminate.
The Company may pay any such deferred Contract Adjustment Payments (including Compounded Contract Adjustment Payments thereon) on any scheduled Contract Adjustment Payment Date to the Holder on the related Record Date, subject to sub-section (c) below.